Trump’s WLFI Whitelist Opens, But US Retail Investors Face Regulatory Block
On September 30, former President Donald Trump announced the launch of World Liberty Financial’s (WLFI) whitelist process, as part of his ongoing mission to "make America great again" through the use of cryptocurrency. However, this opportunity isn't open to everyone, as regulatory restrictions have barred US-based retail investors from participating, limiting the whitelist process to accredited US investors and non-US persons.
How to Qualify for WLFI Early Access
To get early access to WLFI, users must pass a know-your-customer (KYC) verification. This involves linking a wallet, submitting a scan of a government-issued ID, and completing a live check via camera. Accredited US investors are also required to provide proof of their status to participate. Despite this thorough process, WLFI hasn't disclosed the exact time frame for processing whitelist applications.
Interestingly, the platform clarified that while there are currently no plans for a native token launch, the whitelist does not guarantee that there will be a token offer in any jurisdiction. However, it teased that "if and when" a token is launched, access will be granted to users who successfully completed the KYC process.
Overcoming US Regulatory Hurdles
The WLFI team has expressed frustration with "outdated policies and regulations" that currently prevent US-based retail investors from participating, stating they are actively working to overturn these limitations. This move aims to open up opportunities for a broader investor base in the future.
WLFI's Collaboration with Leading Crypto Projects
Founded by Donald Trump’s sons, Eric Trump and Donald Trump Jr., WLFI is not just another crypto project. With backing from the former US president, the venture is making waves in the DeFi space. WLFI announced its collaboration with the Aave money market protocol, with a primary focus on maintaining the US dollar’s dominance in global finance through the use of stablecoins. This innovative approach aims to leverage the strengths of US-pegged stablecoins to secure the country's economic influence.
WLFI’s Growing Advisory Team
The WLFI team continues to strengthen its advisory board, adding blockchain experts Matthew Morgan, CEO of Mixie AI, and Ryan Fang, co-founder of Ankr and Tomo Wallet, to guide the project forward. With these strategic additions, WLFI looks poised to navigate the evolving financial landscape as it pushes forward with its vision of a crypto-backed financial future.